CHICAGO, Jan. 18, 2023 /PRNewswire/ -- The LiDAR market is projected to grow from USD 1.4 billion in 2023 to USD 3.7 billion in 2028; it is expected to grow at a CAGR of 19.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of the market is attributed to rising adoption of LiDAR systems in UAVs, and use of LiDAR geographical information system (GIS) applications. During the forecast period, LiDARs with 3D & 4D technology providing aerial surveying, asset management, GIS services, ground-based surveying are expected to create growth opportunities for the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1261
Browse in-depth TOC on "LiDAR Market"
146 - Tables
60 - Figures
240 - Pages
The market for ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period.
Ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period. On the basis of installation types, the LiDAR market is mainly segmented into ground-based LiDAR and airborne LiDAR. Ground-based LiDAR is further segmented into mobile and static, while airborne LiDAR is segmented into topographic and bathymetric. the high adoption of ground-based LiDAR for end-use applications such as environment, meteorology, corridor mapping, ADAS, and driverless cars is expected to drive the market in the near future.
The LiDAR market for short range LiDAR is accounted for the largest share through the forecasted period
The LiDAR market for short range LiDAR is accounted for the largest share through the forecasted period, as they are widely used in airborne and ground-based applications. Due to the adoption of short-range LiDAR in applications such as automobile, security, and robotics, the short-range LIDAR segment is projected to lead the market. The short-range LiDAR segment is projected to hold a significant share due to its anticipated adoption in automotive, perimeter security, and robotics applications.
The LiDAR market for end-use application environment is accounted for the largest share through the forecasted period.
The LiDAR market for end-use application environment is accounted for the largest share through the forecasted period. LiDAR is widely adopted in environmental End-use applications for the surveying and monitoring of environmental resources. Laser scanning systems are suited for environmental monitoring End-use applications-from airborne carbon mapping to coastal monitoring surveys. LiDAR is widely adopted to survey and monitor environments in various End-use applications, including forest management, coastline management, pollution modeling, agriculture, wind farms, and precision forestry.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1261
LiDAR Market in North America holds the largest market share during the forecasted period.
The market has been segmented into the US, Canada, and Mexico. The region has emerged as a global focal point for large investments and business expansion opportunities. North America accounted for the largest market share of the LiDAR market. The market in North America is dominated by the US. The growth of the North American market is attributed to the use of LiDAR in applications such as environment, corridor mapping, meteorology, and urban planning. The market is also attributed to the use of LiDAR in ADAS and driverless cars, which is expected to grow significantly in the coming years.
Key players
The key players in the LiDAR market include Leica Geosystems AG(Sweden), Trimble, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US),RIEGL Laser Measurement Systems GmbH (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1261
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
LiDAR Drone Market by LiDAR Type (Topographic, Bathymetric), By Component (LiDAR Lasers, UAV Cameras), Drone Type (Rotary-wing, Fixed-wing), Range (Short-range, Medium-range, Long-range), Application, Region - Global Forecast to 2027
Time-of-Flight (ToF) Sensor Market by Resolution (QQVGA, HQVGA, QVGA, & VGA), Application (Augmented Reality & Virtual Reality, LIDAR, Machine Vision, 3D Imaging & Scanning, and Robotics & Drone), Product Type, Vertical and Geography - Global Forecast to 2025
Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region - Global Forecast to 2027
3D Sensor Market by Type (Image Sensors, Position Sensors), Technology (Time of Flight, Structured Light), End-use Industry (Consumer Electronics, Industrial Robotics, Automotive), and Region (2021-2026)
Depth Sensing Market by Component, Type, Technology (Stereo Vision, Structured Light, Time-of-Flight), Vertical (Automotive, Building Automation, Consumer Electronics, Industrial and Medical) and Geography - Global Forecast to 2023
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/lidar-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/lidar.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/lidar-market-worth-3-7-billion-in-2028---exclusive-report-by-marketsandmarkets-301724552.html
